Market Intelligence · MI / Grand Rapids

Grand Rapids, MI 49506 Housing Market

The typical home value in Grand Rapids 49506 is $443,458, up 4.1% over the past year. The median list price sits at $466,925, and homes are taking a median of 34 days on market as of June 2026.

Updated June 2026Median value$443K

The median home value in Grand Rapids, MI 49506 is $443K as of June 2026, up 4.1% year over year, according to Zillow ZHVI. Get your own home's value and a real cash offer in about two minutes, with sources shown and no obligation.

Get a cash offer

Sell without the wait

Sell your Grand Rapids home for cash.

A competitive, no-obligation cash offer from our institutional network. No repairs, no showings, close on your timeline. Most sellers get their cash offer within 24 hours.

Typical 49506 range

$408K to $479K

This is an automated estimate, not an appraisal. Actual value is determined by current market conditions and professional evaluation. It is provided for informational purposes only and is not an offer to buy or a promise of value.

Track my home's value

Asset monitoring

Track your home's value.

A free monthly briefing with your estimated value and 49506 market stats. Unsubscribe anytime.

See how a cash offer works citywide: Sell your house fast in Grand Rapids, MI.

12-month value trend

+4.1% over 12 months

Typical home value in 49506 over the last 12 months: $426K in Jun 2025 to $443K in Jun 2026 (+4.1%).

Jun 2025$426K

Jun 2026$443K

The numbers

What is the 49506 housing market like?

Typical home value

$443K

Up4.1%YoY

Median list price

$467K

Days on market

34

Up385.7%MoM

Homes for sale

63

Price cuts

18.6%

New listings

76

Sources · Zillow ZHVI (June 2026) / Realtor.com (June 2026) / FRED (July 2026)

Free home value report

See what your 49506 home is worth.

See your estimated value and a real cash offer, side by side. No obligation, about a minute.

The comparison

How do 49506 home prices compare?

  • 49506$443,458
  • Grand Rapids$349,801
  • Michigan$247,122
  • United States$291,471

Median Zillow home value (ZHVI), as of June 2026. Comparison levels are medians across every ZIP code with Zillow data (Grand Rapids: 12 ZIPs; Michigan: 891 ZIPs; United States: 26,270 ZIPs).

Context

As of June 1, 2026, there are 63 homes for sale in the 49506 ZIP code, with 76 new listings coming onto the market. The median list price is $466,925, while the typical home value is $443,458, up 4.1% over the past year. Homes are moving at a median of 34 days on market. About 18.6% of listings have had a price cut. Values are still rising here, but price cuts on some listings suggest sellers should price carefully rather than assume every home moves at the first number.

Monthly payment

Estimate your monthly payment.

20% · $88,692

Common questions

What people ask us.

Discover

Nearby ZIP markets.

Keep reading

Guides for sellers.